PENGARUH CURRENT RATIO (CR), RETURN ON ASSET (ROA), PRICE TO BOOK VALUE (PBV), DAN NILAI TUKAR TERHADAP HARGA SAHAM PADA PERUSAHAAN PERDAGANGAN ECERAN YANG TERCATAT DI BURSA EFEK INDONESIA PERIODE TAHUN 2010 - 2017

Abstract

This study aims to determine the effect of Current Ratio, Return On Assets, Price To Book
Value and Exchange Rates on Stock Prices in Retail Trade companies listed on the Indonesia Stock
Exchange (BEI) period 2010-2017. The data used in this study were obtained from annual publicized
financial statements of Retail Trade companies listed on the Indonesia Stock Exchange. After passing
through the purposive sampling stage, 11 eligible companies are used. The analytical method used in
this research is multiple regression analysis of Fixed Effect model panel data processed with the help
of Eviews 9.0 software.
Based on the results of the study note that the CR, ROA, and PBV variables have a positive
and significant effect on the Stock Price, while the Exchange Rate variable does not have a positive
and significant effect on the Stock Price. Of the four variables, the CR variable that has the most
influence on stock prices with a coefficient of 451.3749. Adjusted R-Square results in this regression
model is equal to 0.924678. These results indicate that the contribution of independent variables
namely CR, ROA, PBV and Exchange Rate to Share Prices is 92.47% while the remaining 7.53% is
explained by other factors not examined in this model.